Tonic@Bankhouse is the UK's first LGBT+ affirming retirement community which celebrates the lives, histories and needs of the community. Bankhouse is a retirement community located on Albert Embankment in the iconic area of Vauxhall. The building has 84 affordable apartments in total, over 14 floors, with One Housing managing all the rented apartments and providing the personal care and support services on-site.Tonic@Bankhouse has 19 one and two bedroom apartments. All two-bedroom apartments have balconies, with either views of the River Thames or city views. All apartments have a spacious open-plan kitchen, dining and living room, wet rooms, underfloor heating and are fully accessible from street level
by TONIC
Independent living, but with the peace of mind that 24-hour support is provided on-site in case of an emergency.
Support is provided for basic tasks around the home, such as cleaning and transportation. Some retirement living developments will also provide assistance with activities like prescription collection and shopping.
A wide range of social activities and wellbeing services are offered, where residents can meet like-minded people, create new friendships and offer companionship.
Individuals with low care needs, who are either fully independent or require minimal assistance with personal care and day-to-day tasks. Residential care usually includes support with tasks like: dressing, washing, taking oral medication and hoisting.
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Below are some of the most commonly asked questions about Tonic@Bankhouse.
It is situated in London and is close to popular amenities.
Yes - TONIC - who run Tonic@Bankhouse are members of ARCO - Associated Retirement Community Operators, aim to improve the standard of retirement living across the UK. They ensure every retirement home offers the highest standard of housing and support to all residents.
Before deciding to invest in a retirement property, you'll need to know all the retirement home fees involved. These costs ensure that your retirement home is well-maintained with 24/7 support available for residents. When you move into Tonic@Bankhouse, you will be required to pay the following fees:
Service Charge - a monthly payment which covers the cost of the maintenance of your retirement property.
Deferred Management Fees - a fee you are required to pay when you decide to permanently leave your retirement home .
Yes! There are several facilities for you to try, including; a Bar and a Communal Lounge, which will help you unwind in your new surroundings.
The average cost of purchasing or renting a retirement home varies across the UK. On top of your rental charge or overall purchase price some retirement homes have additional costs such as service charges and ground rent.
Additional retirement home charges to be aware of:
This is often a monthly payment which covers the cost of communal spaces and facilities across a retirement property. For more details on additional charges at Tonic@Bankhouse you can contact the team directly or request a brochure.
Most retirement properties have a cost associated with the land your property is built on. There is often a one-off annual fee known as ‘ground rent’ - which usually costs £450 each year.
A deferred management fee is a charge that you can pay when you decide to permanently leave your retirement property. The fee is calculated based on a percentage of the property's sale price and is acknowledged as a charging method for investing in a retirement home by ARCO (Associated Retirement Community Operators).
Here, our experts have created a helpful guide on understanding deferred management fees.
